Civic Intelligence

Tully Free Library

990 • Fiscal year 2014 • EIN 15-6022787

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 20, 2015

PO Box 250Tully, NY 13159

(315) 696-8606

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.06x

Higher debt load relative to assets than 53% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

71st percentile

0.18x

Higher debt load relative to revenue than 71% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

43rd percentile

0.8%

Higher net margin than 43% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

42nd percentile

-0.1%

Faster asset growth than 42% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

53rd percentile

5.9%

Faster revenue growth than 53% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$901,567

Down $762 (-0.1%) from 2013

Net Assets

Up

$848,295

Up $17,723 (+2.1%) from 2013

Liabilities

Down

$53,272

Down $18,485 (-26%) from 2013

Revenue

Up

$288,318

Up $15,994 (+5.9%) from 2013

Expenses

Up

$285,910

Up $44,718 (+19%) from 2013

Net Income

Down

$2,408

Down $28,724 (-92%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $739,975Liabilities 2010: $5,432Net Assets 2010: $734,5432010Assets 2011: $752,389Liabilities 2011: $9,673Net Assets 2011: $742,7162011Assets 2012: $811,807Liabilities 2012: $34,225Net Assets 2012: $777,5822012Assets 2013: $902,329Liabilities 2013: $71,757Net Assets 2013: $830,5722013Assets 2014: $901,567Liabilities 2014: $53,272Net Assets 2014: $848,2952014Assets 2015: $919,180Liabilities 2015: $60,158Net Assets 2015: $859,0222015Assets 2016: $916,310Liabilities 2016: $13,135Net Assets 2016: $903,1752016Assets 2017: $852,245Liabilities 2017: $9,797Net Assets 2017: $842,4482017Assets 2018: $834,822Liabilities 2018: $7,953Net Assets 2018: $826,8692018Assets 2019: $886,501Liabilities 2019: $13,481Net Assets 2019: $873,0202019Assets 2020: $902,005Liabilities 2020: $8,956Net Assets 2020: $893,0492020Assets 2021: $924,934Liabilities 2021: $53,735Net Assets 2021: $871,1992021Assets 2022: $949,173Liabilities 2022: $68,555Net Assets 2022: $880,6182022Assets 2023: $1,860,463Liabilities 2023: $869,671Net Assets 2023: $990,7922023Assets 2024: $2,314,986Liabilities 2024: $547,574Net Assets 2024: $1,767,4122024

Highlighted filing

2014

Assets$901,567
Liabilities$53,272
Net Assets$848,295

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $139,8932010Expenses 2011: $166,2822011Expenses 2012: $193,5862012Revenue 2013: $272,324Expenses 2013: $241,192Net Income 2013: $31,1322013Revenue 2014: $288,318Expenses 2014: $285,910Net Income 2014: $2,4082014Revenue 2015: $305,879Expenses 2015: $297,321Net Income 2015: $8,5582015Revenue 2016: $295,026Expenses 2016: $305,843Net Income 2016: -$10,8172016Revenue 2017: $206,036Expenses 2017: $280,842Net Income 2017: -$74,8062017Revenue 2018: $224,743Expenses 2018: $227,422Net Income 2018: -$2,6792018Revenue 2019: $254,778Expenses 2019: $219,964Net Income 2019: $34,8142019Revenue 2020: $220,481Expenses 2020: $220,095Net Income 2020: $3862020Revenue 2021: $243,563Expenses 2021: $233,382Net Income 2021: $10,1812021Revenue 2022: $270,095Expenses 2022: $238,756Net Income 2022: $31,3392022Revenue 2023: $349,420Expenses 2023: $236,161Net Income 2023: $113,2592023Revenue 2024: $1,042,886Expenses 2024: $270,795Net Income 2024: $772,0912024

Highlighted filing

2014

Revenue$288,318
Expenses$285,910
Net Income$2,408
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 20, 2015
Return Version
2014v5.0
Gross Receipts
$288,318
Mission and Program Overview

Mission

Provide free public access to the library for residents of the Tully NY School District.

provides a free library and access to literacy to the community of the Tully N.Y. school district as chartered by New York Education Department.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$472,772$468,412▼ $4,360
Cash and Non-Interest-Bearing Accounts$241,856$233,199▼ $8,657
Savings and Temporary Cash Investments$187,701$196,829▲ $9,128
Prepaid Expenses and Deferred Charges-$3,127-
Total Assets$902,329$901,567▼ $762
Liabilities
Deferred Revenue$51,250$50,000▼ $1,250
Accounts Payable and Accrued Expenses$20,507$3,272▼ $17,235
Total Liabilities$71,757$53,272▼ $18,485
Net Assets / Fund Balance
Unrestricted Net Assets$723,920$725,645▲ $1,725
Permanently Rstr Net Assets$97,477$103,317▲ $5,840
Temporarily Rstr Net Assets$9,175$19,333▲ $10,158
Total Net Assets Fund Balance$830,572$848,295▲ $17,723
Total Liabilities and Net Assets / Fund Balance$902,329$901,567▼ $762

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$434,475$148,161$582,636
Equipment$30,373$43,017$73,390
Land$3,564-$3,564

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$70,494---$70,494
2013$70,494---$70,494
2012$70,494---$70,494
2011$70,494---$70,494
2010$58,064$5,000▲ $7,908-$70,494
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$268,888
Program Service Revenue
$15,387
Investment Income
$4,043
Other Revenue
$0
All Other Contributions
$265,631
Change in Net Assets
$2,408
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$186,984
Salaries, Compensation, and Employee Benefits$98,926
Total Fundraising Expense$175
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$47,054$5,228-$52,282
Fees for Services Management$50,007--$50,007
Current Officers, Directors, Trustees, and Key Employees$34,650$3,850-$38,500
Depreciation Depletion$21,968$2,441-$24,409
Fees for Services Other$11,112$6,835-$17,947
Occupancy$7,510$834-$8,344
Payroll Taxes$6,250$695-$6,945
Information Technology$4,807--$4,807
Insurance$3,253$362-$3,615
Office Expenses-$3,226-$3,226
Fees for Services Accounting$2,275$600-$2,875
Travel$2,394--$2,394
All Other Expenses-$1,561-$1,561
Other Employee Benefits$1,079$120-$1,199
Other Expenses$61,061$440-$440
Advertising--$175$175
Total Functional Expenses$253,420$32,315$175$285,910
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Board members are provided a pdf file of the 990 prior to electronic filing.

Form 990, Part VI, Section B, Line 12

Board members and key personnel sign a conflict of interest policy statement on an annual basis. Any conflicts are discussed in executive session with the conflicted member abstaining.

Filing and Contact Details

Filer

Filer Name
Tully Free Library
EIN
15-6022787
Phone
3156968606
Address
PO BOX 250, TULLY, NY 13159

Signing Officer

Name
Ellen Grapensteter
Title
Treasurer
Signed
2015-08-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carol Gleason
Formed
1967
Legal Domicile
Ny
Voting Board Members
10
Independent Board Members
10
Employees
7

Preparer

Firm
Clark CPA Pc
Address
PO BOX 314, HOMER, NY 13077
Preparer
Kevin Clark
Phone
6077496419
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The Organization sponsors the Tully Regional Enrichment Program to benefit Elementary school children. Various educational activities are provided in conjunction with Tully Central Schools and area student teachers.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt23337
IRS990/ProgSrvcAccomActy2Grp/Desc0REGIONAL ENRICHMENT PROGRAM GRANT PROVIDING EDUCATIONAL OPPORTUNITIES FOR ELEMENTARY AGE STUDENTS IN THE TULLY CENTRAL SCHOOL DISTRICT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0101432
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0100000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0258164
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt01689
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0137101
IRS990/PYProgramServiceRevenueAmt012471
IRS990/PYRevenuesLessExpensesAmt031132
IRS990/PYSalariesCompEmpBnftPaidAmt0104091
IRS990/PYTotalExpensesAmt0241192
IRS990/PYTotalRevenueAmt0272324
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt02408
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt07965
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0187701
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0196829
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0121868
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0115721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt070375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt015429
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt021871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0345264
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04043
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01689
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0521
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01023
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02621
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09897
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt019218
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt018032
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt012942
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt010825
IRS990ScheduleA/OtherIncome170Grp/TotalAmt061017
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.93460
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.93430
IRS990ScheduleA/PublicSupportTotal170Amt01012835
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearAmt0143189
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt0136882
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt0131250
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt0131250
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt0125000
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt0667571
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0265057
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0252603
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0201625
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0146679
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0146871
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01012835
IRS990ScheduleA/TotalSupportAmt01083749
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0434475
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0148161
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0582636
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt070494
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt070494
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt070494
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt070494
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt070494
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt070494
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt070494
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt070494
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0478
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt058064
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt05000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt070494
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt07908
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt030373
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043017
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt073390
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt03564
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03564
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0468412
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization sponsors the Tully Regional Enrichment Program to benefit Elementary school children. Various educational activities are provided in conjunction with Tully Central Schools and area student teachers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board members are provided a pdf file of the 990 prior to electronic filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Board members and key personnel sign a conflict of interest policy statement on an annual basis. Any conflicts are discussed in executive session with the conflicted member abstaining.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt09175
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt019333
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0902329
IRS990/TotalAssetsEOYAmt0901567
IRS990/TotalAssetsGrp/BOYAmt0902329
IRS990/TotalAssetsGrp/EOYAmt0901567
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0268888
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0175
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032315

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.55$1.77$1.04$0.27$0.77
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.86$0.87$0.99$0.35$0.24$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.95$0.07$0.88$0.27$0.24$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.92$0.05$0.87$0.24$0.23$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.90$0.01$0.89$0.22$0.22$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.89$0.01$0.87$0.25$0.22$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.01$0.83$0.22$0.23$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.85$0.01$0.84$0.21$0.28$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.92$0.01$0.90$0.30$0.31$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.92$0.06$0.86$0.31$0.30$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.05$0.85$0.29$0.29$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.90$0.07$0.83$0.27$0.24$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.03$0.78$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.75$0.01$0.74$0.17
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.01$0.73$0.14